The value of Saudi Arabia’s oil exports reached around SAR 53.2 billion during February 2017, rising 75 percent year-on-year (YoY), official data showed.
In February, oil exports dropped by around SAR 1.9 billion month-on-month (MoM).
According to the General Authority for Statistics, the kingdom’s oil exports for February 2017 amounted to 80.8 percent out of Saudi’s total exports reaching SAR 65.8 billion.
Saudi Oil Exports |
|||
Period |
Value (SAR mln) |
Y-o-Y Variance |
Oil exports/total exports |
January 2016 |
29,231 |
(30.1%) |
69.7 % |
February |
30,321 |
(35.6%) |
68.7 % |
March |
37,605 |
(33.1%) |
70.9 % |
April |
38,450 |
(32.9%) |
72.8 % |
May |
46,576 |
(23.8%) |
74.1 % |
June |
45,236 |
(16.5%) |
75.5 % |
July |
45,121 |
(14.1%) |
78.5 % |
August |
44,339 |
(2.1%) |
73.7 % |
September |
43,924 |
+7.2% |
77.0 % |
October |
51,510 |
+28.8% |
77.5% |
November |
46,217 |
+15.2% |
76.2 % |
December |
52,144 |
+41.6% |
77.7 % |
January 2017 |
55,109 |
+88.5% |
79.7% |
February |
53,164 |
+75.3% |
80.8% |
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